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The California Community College Chancellor's Office (CCCCO) was awarded NASFAA’s Gold Star Award in 2017 for its five-year plan to improve financial literacy on its campus and in its local community. Inspired by the results of a survey administered as part of that effort, the office last summer also created a pilot project to explore the impact of emailing or texting students financial literacy material.
Are you interested in becoming a Certified Financial Aid Administrator® (CFAA), or do you know someone who would be a good candidate? The CFAA designation helps validate the professionalism, competency, and credibility demonstrated by financial aid administrators across the country every day. To begin your path toward certification, first use the CFAA Interactive Tool to determine your eligibility. Next, get your supervisor and/or senior leadership on board by downloading and customizing our CFAA Justification Letter. Then, apply to sit for the CFAA exam! Have more questions? Check out the CFAA FAQs webpage for answers.
N is for "notification." Institutions are responsible for ensuring both prospective and enrolled students, as well as employees, receive a host of information. The types of notices and methods of disclosing information can be difficult for schools to track. Check out NASFAA’s Self-Evaluation Checklist to ensure your school's notices containing student consumer information are in line with federal regulations. Then, check your policies and procedures using NASFAA’s Policies and Procedures (P&P) Builder. Access to the Self-Evaluation Checklists is free to all members. Access to the P&P Builder is included with Value Plus membership and is only $99 for all other membership levels.
As tax season begins, the IRS is encouraging first-time tax filers, including college students, to take advantage of free software the federal agency offers. Most filers eligible for the service, IRS Free File, are under the age of 30 and make less than $69,000 per year. The mobile-enabled service allows filers to prepare their taxes, file electronically, and receive their refunds via direct deposit for free. The IRS also recently released guidance clarifying that loans discharged through a closed school loan discharge or borrower defense to repayment claim will not be considered taxable income. Read more about the IRS Free File software as an option for students who may be first-time filers.